Italy PM Draghi to tender resignation on Thursday

Mario Draghi said he would resign as Italian prime minister on Thursday, after a party in his ruling coalition did not participate in a confidence vote.

"I will tender my resignation to the president of the republic this evening," Draghi told the cabinet, according to a statement released by his office.

"The national unity coalition that backed this government no longer exists," he added. (Reporting By Gavin Jones and Angelo Amante)